Credit card spending growth is slowing — 'consumers have been in a pretty frugal mood,' expert says

Revolving debt, which mostly includes credit card balances, fell 1.2% in August, according to the Federal Reserve’s latest consumer credit report.

Oct 9, 2024 - 06:00
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Credit card spending growth is slowing — 'consumers have been in a pretty frugal mood,' expert says
Revolving debt, which mostly includes credit card balances, fell 1.2% in August, according to the Federal Reserve’s latest consumer credit report.